Tariffs Hit American Wallets Hard
Washington DC News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Democrats reveal tariffs will cost average household $2,512 next year, up 44% from this year, as Trump pushes new 10% tariffs under Section 122 of the Trade Act. Consumers bear the brunt through higher prices on everyday goods, while gas and living costs rise due to Iran tensions. Supreme Court rules against Trumps use of International Emergency Economic Powers Act for tariffs, leaving government owing $175 billion in refunds. Experts divided on long-term effects, but Democrats warn of a real tax on families amid ongoing trade fights.
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